Sliding price of Ether token: Take some advantage to buy some at lower price.

If you own ethers and you are surprised with the day by day sliding price of token, don’t be. I read here and there that people are selling ethers to secure their position and save their investments. First off all I will try to explain why the price is sliding.

1. It started when the news broke out that, Vitalik the mind behind Ether died in a car accident some 3 weeks back but that was proved a rumor, but so many people till than have already sold their ethers decreasing a token price by almost 9%.
2. Couple of days after that incident a major crypto stock exchange coindesk flash crashed ( when ether token price went down to $ 0.1 from $ 342) that flash crash existed for split seconds but resulted in a huge investors loss. Though coindesk paid the losses after but a lot of people lost their faith on system.
3. ICOs (Initial coin offerings) , the last but severe problem is ICOs people are investing in new tokens now coming on daily basis like EOS , Tezos etc. people are dumping their ethers and bitcoins in the ICOs hoping that, this might could become a next big thing.

Now people know Vitalik is alive and healthy, flash crash can happen again but that really doesn’t matter, People will come to know very soon that these ICOs are nothing but scams. My only question to those people, who are investing in ICOs, What they are really offering? They are just making millions with nothing to offer.

At the time of writing this article I am surprised to know EOS ICO has raised $ 2.5 Billon in just 10 days, and a lot of people are still investing in that ICO that will last 365 days. Yes for 365 days, come on. On the other hand Tezos a long awaited token has raised over 54,000 bitcoins and 310,000 ethers. That is an actual cause of sliding the ether price.

I am happy for those who are aware that Ether is a king crypto token learned from bitcoin but executed in excellent way and they are buying ethers for future, and I am also sad for those who are selling Ethers for no reason.

I just wrote this for awareness; don’t think my ether investment is at stake. I just own 10 tokens bought at $10/token. I am good anyway.